The Financial Supervisory Service will establish a task force (TF) to focus on investigating unfair trading related to the Homeplus incident.
On the 21st, the FSS announced that it established the 'Homeplus incident response TF' on the 19th to minimize damage to the public through a swift resolution of the Homeplus incident and to clarify the allegations.
Under the leadership of Ham Yong-il, the director of the institutional sector for capital markets, the practical management will be handled by Lee Seung-woo, the deputy director in charge of disclosure and investigation.
The TF will be composed of teams for investigating unfair trading, inspections, accounting reviews, and financial safety support, staffed with experts in investigation, law, accounting, and IT. The TF will operate until May 31, and the period may be extended if necessary.
On the day the TF was launched, they held a kickoff meeting and began inspections of the major shareholder, private equity firm MBK Partners. At the same time, they also initiated investigations into unfair trading during the issuance and sale processes of commercial paper (CP) and electronic short-term bonds. They had started an accounting review to confirm suspicions of violations of accounting standards the day before.
The FSS noted, "We will promptly conduct investigations, inspections, and accounting reviews to thoroughly clarify the related allegations," adding, "We will take strict action against any illegal activities."